Dominica Company Formation

There is no public register of shareholders, directors or beneficial owners with Dominica company formation, thus preserving Client confidentiality. In accordance with Section 112 of Dominica's IBC Act, it is an offence for anyone to reveal any information regarding a Dominica corporation, except when related to criminal activity.

Dominica company formation is a legitimate corporate structure, which, when properly structured, can house international tax-exempt profits. A Dominica company is also legally exempt from withholding tax, capital gains tax and value added tax (VAT).

Healy Consultants can open a corporate bank account to support Dominica company formation in the jurisdiction of your choice. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.

Dominica company formation may be perceived as a tax haven structure.

A Dominica IBC cannot undertake banking, trust and insurance or re-insurance business without prior government approval. In addition, it cannot own property.

Dominica has a negative perception as moderately corrupt, ranking 44th least corrupt country in the world, according to Transparency International's 2011 Corruption Perceptions Index.

Dominica company formation is a relatively time consuming and tedious process. According to the World Bank's Doing Business 2011 Survey, Dominica poorly ranked as the world's 88th easiest place to do business in the world, its greatest difficulty in 'enforcing contracts' and ranking last of all countries in 'closing a business'.